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Equilibrium Search Models
[Les modèles de recherche d'emploi d'équilibre]

Author

Listed:
  • Christian Bontemps

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, ENAC - Ecole Nationale de l'Aviation Civile)

Abstract

This paper surveys the literature on equilibrium search models, where labor market equilibrium results from workers strategy (a reservation wage strategy) and firms strategy (which post a wage). One particular aspect of those models is to lead to a non degenerated wage offer distribution even with ex-ante agents. There are identified from microeconomic data (panel data of workers and firms). The basic models have a number of attractive features but the wage-offer and wage-earning distributions have increasing densities. This implication is at odds with the data. During the past years, substantial progress were made which allow micro econometers to use such models for policy analysis.

Suggested Citation

  • Christian Bontemps, 2004. "Equilibrium Search Models [Les modèles de recherche d'emploi d'équilibre]," Post-Print hal-02875137, HAL.
    • Handle: RePEc:hal:journl:hal-02875137
    DOI: 10.3917/reco.551.0103
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